Rhode Island General Laws 27-1-17. Stay of executions and process against company
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As long as the injunction is in force against any corporation, all executions and other final process against the corporation for the collection of debts shall be stayed.
History of Section.
G.L. 1896, ch. 181, § 8; G.L. 1909, ch. 219; G.L. 1923, ch. 255, § 8; G.L. 1938, ch. 150, § 7; G.L. 1956, § 27-1-17.
Terms Used In Rhode Island General Laws 27-1-17
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.